secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Energy Inc. (LBRT)
CIK:        0001694028
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001694028-24-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liberty Energy reports record FY 2023 EPS of $3.15, revenue $4.7B; boosts buyback to $750M, raises dividend 40%
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- Full year 2023 revenue $4.7B (+14% YoY); net income $556M ($3.15 diluted EPS) up 39% and 49% respectively.
- Q4 2023 revenue $1.1B; net income $92M ($0.54 diluted EPS); Adjusted EBITDA $253M (-15% YoY).
- Share repurchase authorization increased to $750M through July 2026; $422M remaining; $241M returned to shareholders in 2023.
- Quarterly dividend raised 40% to $0.07 per share; paid $38M in dividends in 2023.
- Achieved 40% Adjusted Pre-Tax ROCE and 34% CROCI for 2023; expects 90% of fleets to be natural gas-powered by end of 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1694028/000169402824000002/0001694028-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1694028/000169402824000002/lbrt-20240124.htm
  HTML page:      https://secwatch.observer/filing/0001694028-24-000002

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